Shiba Inu is basically the ghost of crypto parties past 🐾👻 – trending sideways while everyone else is dancing in the meme coin ballroom. What’s up, SHIB?!
This week’s crypto rally? Think of it as the “meme coin masquerade” 🎭 – and SHIB just showed up in pajamas. While tiny tokens are hitting the dance floor, our pup’s stuck in the lobby with a “I’m not really here” vibe. Spoiler: whales are the real party poopers.
Shiba Inu Loses Steam as Key Investors Reduce Holdings
According to IntoTheBlock, SHIB’s whale squad is currently doing the cha-cha-cha out of town. Their netflow? A 150% nosedive 🐳📉. If whales were TikTokers, they’d be deleting their accounts faster than a bad influencer hashtag.
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Large holders are whale addresses holding more than 1% of an asset’s circulating supply. Their netflow tracks the difference between the coins they buy and the amount they sell over a specific period.
When an asset’s large holders’ netflow increases, more of its tokens or coins are flowing into whale wallets than are flowing out. This trend indicates that these holders are accumulating the asset, signaling confidence in its future value.
On the other hand, when it falls, whales are selling more of the asset, leading to a net outflow from their wallets. This signals reduced confidence in SHIB’s near-term performance and puts downward pressure on the asset’s price.
Further, the lackluster price performance has triggered inactivity from SHIB’s futures traders, pushing its open interest to a 30-day low. Per Coinglass, SHIB’s futures open interest is $158 million, falling 15% in the past seven days.
Open interest measures the total number of outstanding futures or options contracts for an asset that have not yet been settled. When open interest falls, traders are closing positions without opening new ones, signaling reduced market participation.
Falling open interest during a period of muted price performance for SHIB indicates fading market interest and a weakening conviction in the meme coin’s near-term trajectory.
Will Buyers Step In Before Decline to $0.00001295?
Readings from the SHIB/USD daily chart show the meme coin resting below its Super Trend Indicator, which currently forms dynamic support at $0.00001446.
This indicator tracks the direction and strength of an asset’s price trend. It is displayed as a line on the price chart, changing color to signify the trend: green for an uptrend and red for a downtrend.
When an asset’s price trades below its Super Trend indicator, selling pressure dominates the market. If this continues, SHIB could break below its narrow pattern and fall under $0.00001295.
On the other hand, if new demand resurfaces, it could drive a rebound toward $0.00001385. But let’s be real – SHIB’s comeback tour needs a manager, not a chart. 🎤💼
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2025-08-15 22:04